To help the energy transition happen faster, the high-voltage power lines crisscrossing the U.S. will need a high-tech upgrade. Recent federal and state regulations are calling on utilities to deploy a new generation of cables to get that done — and the companies making the necessary tech are gearing up to meet an expected increase in demand.
On Wednesday, TS Conductor raised $60 million to finance a significant expansion of its U.S. manufacturing capacity for its advanced conductors. Made of aluminum surrounding a carbon composite core, these cables are lighter, stronger, and capable of carrying more electricity than the aluminum-and-steel cables that are used across most of the grid.
Those advantages more than make up for TS Conductor’s higher price per meter compared with that of industry-standard cables, according to its CEO, Jason Huang. In fact, their use can lead to an overall reduction in the total cost of building…
